Entropy Technologies LP Invests $463,000 in Huron Consulting Group Inc. (NASDAQ:HURN)

Key Points

• Entropy Technologies LP has invested approximately $463,000 by purchasing 3,230 shares in Huron Consulting Group Inc. during the first quarter.
• Huron Consulting Group has received a consensus rating of "Moderate Buy" from analysts, with a target price of $171.50.
• Insider trading activity includes significant sales by directors, with a total of 4,708 shares sold in the last 90 days valued at approximately $633,121.

Entropy Technologies LP purchased a new position in shares of Huron Consulting Group Inc. (NASDAQ:HURN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,230 shares of the business services provider's stock, valued at approximately $463,000.

Several other institutional investors also recently modified their holdings of the stock. Heck Capital Advisors LLC acquired a new stake in Huron Consulting Group in the fourth quarter valued at $33,000. Opal Wealth Advisors LLC acquired a new stake in Huron Consulting Group in the first quarter valued at $35,000. CWM LLC increased its holdings in Huron Consulting Group by 55.9% in the first quarter. CWM LLC now owns 407 shares of the business services provider's stock valued at $58,000 after purchasing an additional 146 shares during the period. Vestcor Inc acquired a new stake in Huron Consulting Group in the first quarter valued at $60,000. Finally, Tower Research Capital LLC TRC increased its holdings in Huron Consulting Group by 27.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 569 shares of the business services provider's stock valued at $71,000 after purchasing an additional 122 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on HURN shares. Wall Street Zen downgraded Huron Consulting Group from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Barrington Research increased their price objective on Huron Consulting Group from $173.00 to $176.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.50.

Huron Consulting Group Stock Performance

Shares of Huron Consulting Group stock opened at $137.00 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 1.35. The business has a 50-day moving average price of $134.18 and a two-hundred day moving average price of $138.55. Huron Consulting Group Inc. has a 1-year low of $102.58 and a 1-year high of $155.00. The company has a market cap of $2.37 billion, a P/E ratio of 23.91 and a beta of 0.26.

Huron Consulting Group (NASDAQ:HURN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.10. Huron Consulting Group had a return on equity of 25.52% and a net margin of 6.60%. The firm had revenue of $402.50 million during the quarter, compared to the consensus estimate of $402.67 million. During the same period last year, the business posted $1.68 EPS. The business's revenue was up 8.3% compared to the same quarter last year. As a group, analysts anticipate that Huron Consulting Group Inc. will post 6.1 EPS for the current year.

Insiders Place Their Bets

In other Huron Consulting Group news, Director John Mccartney sold 500 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $129.11, for a total transaction of $64,555.00. Following the completion of the sale, the director directly owned 51,317 shares in the company, valued at approximately $6,625,537.87. This trade represents a 0.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director H Eugene Lockhart sold 1,040 shares of the stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $136.74, for a total transaction of $142,209.60. Following the transaction, the director directly owned 8,162 shares in the company, valued at $1,116,071.88. This trade represents a 11.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,708 shares of company stock valued at $633,121. 2.15% of the stock is currently owned by insiders.

Huron Consulting Group Company Profile

Huron Consulting Group Inc, a professional services firm, provides consultancy services in the United States and internationally. It operates through three segments: Healthcare, Education, and Commercial. The Healthcare segment provides financial and operational performance improvement consulting services; digital offerings, spanning technology and analytic-related services; software products; organizational transformation services; revenue cycle managed and outsourcing services; financial and capital advisory consulting services; and strategy and innovation consulting services to national and regional health systems, academic and community health systems, federal health system, public, children's and critical access hospitals, physician practices and medical groups, payors, and long-term care or post-acute providers.

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